Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cadiz (CDZI) Share Price
Press coverage about Cadiz (NASDAQ:CDZI) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cadiz earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.7319128171674 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Cadiz (NASDAQ:CDZI) traded down $0.15 during mid-day trading on Monday, hitting $12.90. The stock had a trading volume of 47,200 shares, compared to its average volume of 156,216. Cadiz has a fifty-two week low of $7.75 and a fifty-two week high of $16.25. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of -1.76.
Separately, B. Riley set a $18.00 price objective on Cadiz and gave the stock a “buy” rating in a research report on Monday, October 16th.
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In other news, CFO Timothy J. Shaheen sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $12.30, for a total transaction of $615,000.00. Following the completion of the transaction, the chief financial officer now directly owns 148,500 shares of the company’s stock, valued at approximately $1,826,550. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.56% of the company’s stock.
Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.
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